Bengal Energy (TSE:BNG) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Bengal Energy Ltd. (TSE:BNG – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.03 and traded as low as C$0.03. Bengal Energy shares last traded at C$0.03, with a volume of 371,000 shares changing hands.

Bengal Energy Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 1.14. The firm has a market cap of C$13.22 million, a PE ratio of -2.50 and a beta of -2.31. The stock’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03.

About Bengal Energy

(Get Free Report)

Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production, and acquisitions. Bengal’s common shares trade on the TSX under the symbol ‘BNG’. Additional information is available at www.bengalenergy.

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